Jared Kushner, Finance

Jared Kushner's Affinity Partners Acquires 15% of Israeli Shlomo Group

The acquisition marks yet another example of Trump's son in law moving to invest in Israeli companies and demonstrate confidence in the country as a whole.

(Photo: Alexandros Michailidis / Shutterstock.com)

Jared Kushner, owner of Affinity Partners and son in law of former President Donald Trump, signed a deal to acquire 15% of the Israeli Shlomo Group holding company, according to Calcalist.

The Shlomo Group, which began as a car rental company, has since expanded into a holding company owning companies involved in leasing, selling, garages, and towing, as well as other ventures.

Kushner, who is also in talks to buy a stake in the Phoenix Group, one of Israel's major insurance companies, said that "Affinity expects more promising business opportunities in Israel and the region."

0 Comments

Do not send comments that include inflammatory words, defamation, and content that exceeds the limit of good taste.

England, Taylor Swift, Inflation

The Taylor Swift effect: How pop sensation's latest British tour impacted inflation 

Unfortunately, the Swift Effect is only temporary and has succeeded in exposing Britain's deeper inflation woes.

Gila Isaacson | 18.07.24

Economy, Consumers

Globes: Israelis love WhatsApp, Bamba, and Waze

These companies top the Globes list of Israel's top 100 brands in 2024.

Avi Woolf | 11.07.24

Israeli Arabs, Economy

Globes: Israeli Arab incomes increase faster than Jewish incomes in last decade

The increase in income comes thanks to a number of factors, especially the doubling of the number of Israeli Arab women in the workforce.

Avi Woolf | 09.07.24

Economy, Tech

Israeli hi-tech rebounding from the war

Hi tech service exports, excluding startups, increased by 2.3% this past April, according to the Israeli Central Bureau of Statistics.

Avi Woolf | 03.07.24

High Tech, Layoffs, eBay

eBay to slash jobs in Israel amid global restructuring

This is the third time eBay has laid off employees in Israel. The last round saw around 30 employees lose their jobs.

Avi Nachmani | 26.06.24

Israeli Economy

Wealthy migrants depart Israel in wake of war

The Henley Private Wealth Migration report indicates that, for the first time in many years, more wealthy migrants are departing Israel than arriving.

Avi Nachmani | 19.06.24

Israel-Gaza War, Economy

Globes: Most retail sectors experience rise in May sales compared to previous year

The food, cafes, and computer sectors experienced an increase of 14% compared to the previous May.

Avi Woolf | 06.06.24

Economy

Ynet: 7/11 fails to break into Israeli local market, calls it quits

The American convenience store giant operated in Israel for a year and a half via a franchisee, Electra, but has now decided to close up shop.

Avi Woolf | 29.05.24

Economy

Calcalist: Milgam and Pheonix acquire Israel Postal Company, completing privatization process

The winners of the bid for the privatized company will take on its 440 million NIS of debt and fixed labor agreements.

Avi Woolf | 19.05.24

Israel-Gaza War, Economy

Calcalist: Israel experiences partial recovery in first quarter of 2024

After a sharp decline in annually calculated GDP in the last quarter of 2023 (23%), economic activity bounced back and increased by 14% the following quarter.

Avi Woolf | 16.05.24

Israel-Gaza War, Economy

Globes: Consumption up almost everywhere, including in north and south

Despite inflation and displacement, Israeli local consumption is rebounding - with some caveats.

Avi Woolf | 09.04.24

Economy, Sports Illustrated

Israeli company Minute Media acquires rights to Sports Illustrated

Minute Media Founder and CEO: "Sports Illustrated is the gold standard for sports media for 70 years."

Avi Woolf | 18.03.24